Posts filtered on Category
In a disclosure to the Shanghai Stock Exchange, Yantai Xinchao Industry Co. said the oil fields in Howard and Borden counties would be bought from Tall City Exploration and Plymouth Petroleum, two Nevada-based companies.
The decision came after Gov. Bill Walker received written assurances from BP and ConocoPhillips Alaska that they would be willing to commit to make their gas available to a gas project if they are not participating.
While North American profit margins are not as strong as they were last year, the petrochemical boom along the Gulf Coast is still moving forward.
At 12:38 a.m. Thursday, the grid that manages nearly 90 percent of Texas’ electricity load hit 12,237.6 megawatts of wind generation — nearly 37 percent of the grid’s load at the time — besting the previous record 11,467 megawatts from wind set on Sept. 13, according to the Electricity Reliability Council of Texas that manages the grid. A megawatt powers about 500 typical Texas residences during periods of normal demand.
The proposed plant would take advantage of cheap shale natural gas to manufacture monoethylene glycol, which is a building block of many plastics.
Sunnova CEO John Berger said the $300 million is in committed debt and equity funding from Credit Suisse and a group of equity investors led by Triangle Peak Partners, which is based in Houston and California. Other new business development partners include Philadelphia-based Franklin Square Capital Partners and GSO Capital Partners, which is the credit investment arm of the Blackstone Group private equity firm.
Construction recently began for a new hydrotreater at the Lake Charles Refinery to meet federal Tier 3 standards for lower sulfur content in gasoline for the beginning of 2017.
Texas moved up eight spots to rank 26th nationally after the state became more aggressive in policing proper energy code compliance for buildings as part of a partnership with the U.S. Department of Energy, according to the report by the American Council for an Energy-Efficient Economy.
Texans filed 6,973 electricity-related complaints or questions with the Texas Public Utility Commission for the 2015 fiscal year that ended after September, which is down from the previous low of 7,129 complaints in 2013.